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Plot Loan / Construction Loan

What makes a perfect home a dream home? The plot that you construct and build your home on. We’ve got you covered, SBI provides you with the best plot loan options giving you low interest rates and constructing a place uniquely of your own. Within 5 years of the loan sanctioned, the construction will take place. Get the needed help from our local advisors who will assist you in providing you loan services. With an SBI Plot loan, you get the benefits like no other.

Plot Loan/Construction Loan Calculator

Plot Loan EMI calculator is a basic calculator that helps you to calculate the EMI, monthly interest and monthly reducing balance based on the principal amount, loan tenure and interest rate. It’s not just a piece of land, it’s the foundation of your dream residence.

Loan Amount


Tenure (Year)




Monthly EMI

Principal Amount

Interest Amount

Total amt payable

How to use Plot Loan Calculator

You can either enter the amount in figures or you can just select the preferred plot loan amount from the drag-forward menu. Both are acceptable.

Here are the steps to use the Plot Loan Calculator.

  • Enter the amount of plot loan required by you.
  • Enter the desired tenure of the loan you are looking at.
  • Enter the rate of interest. To make it meaningful, check the ongoing rates in the market for plot loans.

Once these inputs are put in, you get output at two levels. At the first level, you get the plot loan EMI (Equated Monthly Instalment) payable for the inputs provided.

At the second level, you get the total amount payable by you over the tenure of the plot loan as principal and interest.

Here is what the data you see means.

For example, if you select a Rs.25 lakh plot loan for a 20-year tenure and at 6.70% rate of interest, your monthly plot loan EMI comes to Rs.18,935. Over the tenure of the loan, you will pay back Rs.45,44,365 to the bank, which will include Rs25 lakhs as principal and Rs.20,44,365 as the interest on loan.

Just below the plot loan calculator, you can see the entire journey covered in a graph complete with annual drawdown or the year-wise balance amount payable.

Features & Benefits of Plot Loan

Why don’t we look into some beneficial factors & Key features provided by SBI for Plot Loans?

Plot/construction Loan Eligibility Criteria

The eligibility criteria for plot loan are as follows

  • The minimum years to be eligible to get a plot loan is 18 years
  • While the maximum age is 65 years
  • Resident type: Indian
  • Loan Tenure: up to 10 years

Documents Required for Plot / Construction Loan

Make sure to get all the right documents required for the plot loan process in order to have a safe and seamless journey. Our experts will be happy to guide you throughout the process. Mentioned below are the important documents you must carry with you in order to get it done without time consumption

Plot Loan Interest Rates

Plot Loan Interest Rates:
SBI Realty can provide some interesting interest rates when it comes to getting plot/construction loans. SBI provides interest as low as 9.40% – 9.85% p.a. on plot loans, the CIBIL score must be 750 and above, fascinatingly, women are given a concession on purchasing home loans of 0.5%.

Why Choose SBI Bank Plot Loans?
There are multiple factors that will make you want to buy a plot through SBI, first the interest rates are quite an attractive plus, not only does it have a low rate of interest, but it also provides with low processing fee. The best part about this is that there are no hidden charges to it. Attractive, isn’t it?

Frequently Asked Questions

How will SBI plot loan be beneficial to you?

If you are looking for a plot to buy but have financial inabilities, SBI plot loans are beneficial. You can also avail loans for construction of houses if you wish to do so.

How to apply for SBI Plot Loans?

You can visit the SBI branch nearest to you and enquire with the branch officer or marketing officers, online loan application is also available.

What is plot plus construction loans?

Plot plus construction loans are composite loans provided for purchasing land and plot construction.

How much concession is offered to women borrowers?

Women borrowers can get a 0.05% of interest discount on plot loans.

Are there any tax benefits for plot loans?

There are no tax benefits provided on avail of a plot loan.

After how many years of plot purchase can you build a house?

You can build a house on the land within 5 years of plot purchase.

SBICAP Securities Limited through its division SBI Realty solutions deals in Pre Launch, Under construction, Ready Possession. SBICAP Securities Limited through its division SBI Realty solutions provides a unified platform for exchange of information & facts for buyers, builders & sellers. SBICAP Securities Limited through its division SBI Realty solutions is merely an intermediary for exchange of information to facilitate the transactions between Builder, Developers / Seller and Customer / Buyer and is not and cannot be a party to or control in any manner any transactions/disputes between the Seller and the Buyer. Projects featured on are SBI approved projects only. SBICAP Securities Limited through its division SBI Realty Solutions shall neither be responsible nor liable to mediate or resolve any disputes or disagreements arising between the Buyer & Seller and both Seller and Buyer shall settle all such disputes without involving SBICAP Securities Limited through its division SBI Realty solutions in any manner whatsoever. The Website provides in depth analysis of the Property Market with more than 2400 Under Construction Projects developed, which are currently under development by more than 800 Developers. The website features latest prices, digital pictures of projects in various construction stages. The focus of the website is on Home Buyers looking to buy or upgrade to a New Home or Invest in under construction project or pre-launches by reputed builders.